Companies
Hunting's profit rises 11 pct on high oil prices
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Posted 28 August 2008 @ 09:35 am GMT
Oil services company Hunting said on Thursday half-year profit from continuing operations rose 11 percent to 23.9 million sterling.
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first half hunting profit results
First Great Western to invest £29 mln in service improvementsHunting sees continued improvement in the second half with the oil industry remaining robust. It is also seeking complementary acquisitions as demand continues to outpace supply, it added.
Oil services companies are recording strong profits as high oil prices prompt more investment in exploration and production.
(Reporting by Hsu Chuang Khoo; editing by Rory Channing)
Copyright 2008 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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